Short Interest in Korea Electric Power Co. (NYSE:KEP) Decreases By 8.4%

Korea Electric Power Co. (NYSE:KEP) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 260,600 shares, a drop of 8.4% from the September 15th total of 284,400 shares. Based on an average daily volume of 111,900 shares, the short-interest ratio is presently 2.3 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Korea Electric Power from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th.

Hedge Funds Weigh In On Korea Electric Power

Hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. acquired a new stake in shares of Korea Electric Power in the second quarter valued at approximately $462,000. American Century Companies Inc. lifted its stake in Korea Electric Power by 11.8% in the 2nd quarter. American Century Companies Inc. now owns 339,562 shares of the utilities provider’s stock valued at $2,407,000 after buying an additional 35,973 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Korea Electric Power by 24.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 71,471 shares of the utilities provider’s stock valued at $506,000 after buying an additional 14,136 shares during the last quarter. Blue Trust Inc. increased its position in Korea Electric Power by 270.3% during the second quarter. Blue Trust Inc. now owns 16,862 shares of the utilities provider’s stock worth $120,000 after buying an additional 12,309 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of Korea Electric Power in the first quarter worth $85,000.

Korea Electric Power Stock Performance

NYSE KEP opened at $7.58 on Thursday. The business has a 50 day moving average price of $7.81 and a 200 day moving average price of $7.55. The company has a market capitalization of $9.73 billion, a P/E ratio of 22.29 and a beta of 1.01. Korea Electric Power has a 1-year low of $5.93 and a 1-year high of $9.55. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.37 and a quick ratio of 0.24.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings results on Monday, September 9th. The utilities provider reported $0.04 earnings per share for the quarter. Korea Electric Power had a return on equity of 6.93% and a net margin of 2.95%. The business had revenue of $14.93 billion during the quarter.

About Korea Electric Power

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.